Eureka: Hedge Funds Up 0.71% Last Month

Sep 10 2010 | 12:07pm ET

Hedge funds rose an estimated 0.71% in August, according to Eurekahedge.

The Eurekahedge Hedge Fund Index is up 1.92% this year. Last month, returns were led by commodity trading advisers and managed futures funds, which rose an estimated 3% (2.67% year-to-date). Distressed debt funds and arbitrage funds also did well, returning 1.06% (8.56% YTD) and 1.03% (4.29% YTD), respectively.

Long/short equity and event-driven funds were the only August losers. The former fell 0.46% and is down the same amount on the year, while the latter shed 0.14% and is up 4.14% through August.

Regionally, Latin American and North American hedge funds did best, rising 0.6% (3.88% YTD) and 0.37% (2.45% YTD), respectively. Eastern European and Russian funds were not so lucky, dropping 1.41% (up 2.09% YTD), with Japan funds shedding 1.03% (up 0.55% YTD). European hedge funds lost 0.26% (up 1.27% YTD), but were no doubt buoyed by the fact that UCITS III-compliant hedge funds continue to bring in money, with total assets in such funds cresting US$130 billion.

Funds of hedge funds were up 0.12% on the month and are down 0.54% on the year.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note